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2022-01-13 03:56
02:54 PM EST, 01/12/2022 (MT Newswires) -- ExGen Resources (EXG.V) on Wednesday provided an update in respect of Phoenix Copper Ltd.'s exploration and development activities at the Empire Mine Project in Custer County, Idaho. ExGen owns 20% and Phoenix owns 80% of Konnex Resources, Inc., which holds the leases and claims to the Empire Mine Project. ExGen further owns 1.33 million common shares of Phoenix.
ExGen reports that Phoenix, (the operator of the Empire Mine Project), has provided the assay results from additional drilling at the Red Star silver-lead deposit.
Highlights:
Hole RS21-01
27.4 m of 0.69% copper, 0.8 grammes per tonne (g/t) gold and 14.9 g/t silver starting at a depth of 38.1 m,
including 7.6 m of 1.61% copper, 2.3 g/t gold and 38.6 g/t silver from 50.3 m,
and including 1.5 m of 2.71% copper, 3.9 g/t gold and 50.7 g/t silver from 51.8 m.
Hole RS21-02
36.6 m of 0.52% copper, 0.5 g/t gold, 24 g/t silver, 0.28% lead, and 0.64% zinc starting at a depth of 82.3 m,
Including 13.7 m of 23.9 g/t silver and 1.46% zinc from 82.3 m,
Including 1.5 m of 0.56 g/t gold, 92.3 g/t silver, 3.13% lead, and 2.77% zinc from 83.8 m
Including 7.6 m of 1.35% copper, 1.2 g/t gold and 49.0 g/t silver from 102.1 m
Hole RS21-05
7.6 m of 0.20% copper, 0.3 g/t gold, and 17.4 g/t silver from 35.1 m depth
Including 3 m of 0.29% copper, 0.7 g/t gold, and 28.9 g/t silver from 39.6 m.